Malaysia: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Malaysia

In 2021, the Malaysian market for peel of citrus fruit or melons decreased by -0.3% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Peel Of Citrus Fruit Or Melons in Malaysia

In value terms, citrus fruit or melons peel production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production showed a slight downturn. The pace of growth appeared the most rapid in 2019 with an increase of 72% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Peel Of Citrus Fruit Or Melons

Exports from Malaysia

In 2021, the amount of peel of citrus fruit or melons exported from Malaysia soared to X tons, rising by 272% on the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 416% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, citrus fruit or melons peel exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 307% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for citrus fruit or melons peel exports from Malaysia, with a 96% share of total exports. It was followed by Macao SAR (X kg), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Thailand amounted to +40.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+643.2% per year) and Hong Kong SAR (-15.9% per year).

In value terms, Thailand ($X) remains the key foreign market for peel of citrus fruit or melons exports from Malaysia, comprising 81% of total exports. The second position in the ranking was held by Macao SAR ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand stood at +37.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+558.8% per year) and Hong Kong SAR (-8.0% per year).

Export Prices by Country

In 2021, the average export price for peel of citrus fruit or melons amounted to $X per ton, surging by 6.3% against the previous year. In general, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2019 an increase of 47% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+9.4%), while the prices for the other major destinations experienced a decline.

Imports of Peel Of Citrus Fruit Or Melons

Imports into Malaysia

Citrus fruit or melons peel imports into Malaysia dropped notably to X tons in 2021, falling by -93% against 2020. In general, imports faced a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 1,798%. As a result, imports attained the peak of X tons, and then fell remarkably in the following year.

In value terms, citrus fruit or melons peel imports contracted dramatically to $X in 2021. Over the period under review, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 1,944%. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest citrus fruit or melons peel supplier to Malaysia, with a 75% share of total imports. Moreover, citrus fruit or melons peel imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), sixfold. Italy (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+3.5% per year) and Italy (0.0% per year).

In value terms, China ($X) constituted the largest supplier of peel of citrus fruit or melons to Malaysia, comprising 71% of total imports. The second position in the ranking was held by Australia ($X), with a 17% share of total imports. It was followed by Italy, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+7.7% per year) and Italy (0.0% per year).

Import Prices by Country

In 2021, the average import price for peel of citrus fruit or melons amounted to $X per ton, which is down by -3.1% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, citrus fruit or melons peel import price increased by +4.3% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 65%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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